Guest essay by Eric Worrall
Greens have requested that Private Businesses step in and top up an anticipated funding shortfall of in excess of ten billion dollars per annum, when Trump cancels US government funding of climate programmes.
The Private Sector May Lead the Charge Against Climate Change During the Trump Administration
Why? Because it makes economic sense. No matter what Trump and his cabinet do, the private sector will likely forge ahead, argues Shayle Kann.
by Shayle Kann
December 15, 2016
As the inauguration of President Donald Trump approaches, the future of federal action on energy and climate change remains highly uncertain. And while nothing is set in stone, there is mounting evidence that the new administration will drastically change course from the path set out by President Obama.
…
While no outcome is preordained, it is probably safe to assume that the U.S. will not take significant federal action to reduce greenhouse gas emissions over the next four years. And it is possible that the federal government will begin to roll back many of the R&D and investment programs that have supported the recent domestic boom in clean energy. Initiatives already underway in a few states may act as a limited countervailing force, but the absence of federal action will be strongly felt.
Large companies are already taking action
If the federal government steps back, the private sector may leap forward. The U.S. business community has already become an increasingly emphatic voice in the chorus of calls for greater action on climate change. Just after the U.S. election, during the Marrakech climate talks, over 300 businesses signed an open letter to the incoming president in support of the Paris climate accord and continuation of low-carbon policies. Ninety-one of these companies have annual revenue over $100 million, including DuPont, General Mills and Intel Corporation.
…
Corporate action cannot entirely make up for intransigence at the federal level, but it may just be enough to allow the global decarbonization trend to continue apace.
While there is no doubt some CEOs are as rabidly committed to renewables as any Greenpeace protestor, this assumption that private businesses will step into the breach, that they will somehow be able to keep the party going, verges on delusional.
I’m sure private businesses run by hardline greens be able to stump up a few hundred million, maybe even every year. But in my opinion green groups are about to experience a very hard landing. Nobody will be able to cover the multi-billion dollar cash shortfall they are all about to experience.
Discover more from Watts Up With That?
Subscribe to get the latest posts sent to your email.
Perhaps the money sucking “scientists” will shift their studies towards looking for the Root Cause of the Global Warming they claim is occurring into finding the TRUE cause of the indicated warming. I am sure Trump and the people he is appointing to the various departments will gladly support this endeavor. The money sucking, “scientists” will quickly latch onto the tit giving them money when their’s drys up. This should result in a real, scientific, conclusion of the cause and solution. I feel this will happen as it has been 40 plus years and there is still no PROOF that the major cause of this warming is caused by man.
Why is it we have discovered more about Space than the Earth’s atmosphere? We have proven that Black Holes exist. As late as 20 years ago a cosmological scientist would have been laughed at if he said Black Holes were real and existed. Yet today, the “Climate Scientists” are still following the mission and objective of the UN IPCC requirements of PROVING all global warming is caused by mankind. So, as a result we are still proving a cause but not THE cause. [Read the front matter of any IRC] Now read WG1AR5 (or any other version) Chapter 8 and note the complete lack of the effect of water vapor, other than from “Stratospheric water Vapor from CH4.” This tells me that the conclusions of the various reports ELIMINATES all other water vapor effects. After reading each version of the WG1 reports (several times) I can find no other mention of the effect of “generic” water vapor – other than in the front mater (Section D of the SPM) describing how it is “extremely likely positive.” Give me a break. Twenty years and this is all the IPCC “scientests” can come up with?
“The net feedback from the combined effect of changes in water vapour, and differences between atmospheric and surface warming is extremely likely positive and therefore amplifies changes in climate. The net radiative feedback due to all cloud types combined is likely positive. Uncertainty in the sign and magnitude of the cloud feedback is due primarily to continuing uncertainty in the impact of warming on low clouds. {7.2}”
“We have proven that Black Holes exist.”
Who is this we, and what is the “proof” . . please.
The term “proven” may be a little strong for your liking, however, supermassive objects exist in most galaxies, these objects are not visible.. Strongly implying these objects are black holes. Please Google “Do Black Holes exist?” you will find a stronger base of knowledge that Black holes exist than there is supporting the myth that “The majority [or even a substantial portion] of the Global Warming is Anthropogenic.” If they do not exist, what is at the center of a galaxy? What are the stars in a galaxy rotating around? Further, you would face a rather strong pushback if you, as a cosmologist, declared they did not exist.
PS,
A search of NASA – https://www.nasa.gov/ – place Black Hole in their search box, gives me the impression that many Scientists and cosmologists believe that they exist. And as I write this I am watching a Nat Geo documentary on the Hubble telescope and they use terms implying there is no doubt that Black Holes exist. They do not quibble about them or imply they may exist, probably exist, etc. They muse the existence of Black Holes to explain the observed phenomena they are describing. Even Stephen Hawking believes in them so that make you smarter than both him and Einstein.
Well, the new mantra is that everything is just fine, and business will take up the slack. (Read: we are in deep panic and totally screwed right now).
Even when Al Gore came out of Trump tower, the spin was that new green technologies will create jobs. Given that the left socialists realize that Trump won due to jobs and industry, then the only way to sell this crap is to promote the idea that industry and jobs will result from such policies! (Can they actually say green and jobs in the same sentence with a straight face??).
The problem is Germany experience with all these huge green energy subsidies been a train wreck in the making. And Spain went on a HUGE socialist spending in an attempt to SHOW the world how they can be the leader in job creating by adopting green energy. We will show the world how to do this! The result is what, 25% or more unemployment among the youth. You have common 3 generations of a family now living in a crap small apartment in Spain, no jobs, no industry growth. And those 3 generations living in that tiny box are often educated on the tax dime by some local university. So what value is such a university degrees on gender studies going to result in a job without industry?
And with the Spain government broke, those billions spent on green energy is not producing wealth and job creating – let alone tax dollars for the government. 600+ solar companies have gone bankrupt as the government cuts back. Should have spent those billons on at least re-building roads, or promoting jobs and industry. And like a Las Vegas gambler, you blow it on stupid things, then roads, bridges? The result is you don’t have money to repair your car, or house or in this case re-build the country – you blew all your money and now Spain is not only broke, but have nothing to show for that massive green spending spree.
The key takeaway here is that large scale green investing been a black hole, and a formulas for a bankrupt country.
When Trump won, the Morocco COP climate conference turned from an expected Hillary victory dance into a funeral (or shall I say morgue). They realized the gig was up without billions of handouts from the USA.
And amazing, the “spin” at the Morocco conference was we go it alone without the USA – we don’t need them (ya, right!!!). So they now promoting the idea to get industry on board to give us our huge handouts.
Without buckets of duckets from the government, the whole thing really collapses. Worse, with Europe and Canada pushing carbon taxes, all they do is chase jobs to the USA.
This is all about who’s has the handouts – and the greens are in a state of panic over the changing political landscape.
The simple fact is people are un-willing to trash their economies in the name of this global green scam.
The real story:
They are in a state of outright panic right now.
Regards,
Albert D. Kallal
Edmonton, Alberta Canada
To the point. Thanks. I’d rather give a homeless a decent shelter than subsidies to a rich man.
Jobless young people in southern Europe are not due to the spoiled green market but because of the 2008 crash and in Spain especially through the crashed real estate market with the overblown credits.
But why have people turned their back on Obama’s plan to create “whole new industries” and “100’s of thousands of jobs here in America”. He had been working on that plan since 2010 using billions in government investment.
You can see him explaining what he planned to do in this video. Watch from 1minute 58seconds.
The investments created “Abound Solar” – (now bankrupt, liquidated with all jobs lost and capital destroyed and unsold or returned highly toxic sub-standard panels processed as hazardous waste) and invested in foreign solar subsidy miners, Abengoa – (now in the process of trying to avoid becoming the biggest corporate bankruptcy in Spanish history and being sued by the U.S. for attempting to funnel U.S. investments back to Spain.)
Why don’t people understand that Obama really believed that he was going to transform America and create 100’s of thousands of jobs. By using his magic Keynesian stimulus approach, in which he and his friends picked winners and losers in the marketplace based on nonsense that they had read in the New York Times.
Ye shall judge them by their fruit:
2:42 “… what’s more, over seven percent of the components and products used in construction will be manufactured in the USA…”
So over 92% of the components and products used in its construction will be imported from outside the USA.
To be fair – I do think that he was saying “seventy percent”.
Of course, that’s an unprovable and uncheckable claim.
On top of the difficulty of accounting for the origin of every component, there is an odd definition regarding the official location of manufacture of a product. This is usually defined as the last location in which final assembly took place. It’s a definition open to abuse.
It didn’t help America though. The fact that supply chains were established on American soil has just meant that more Americans are hurt by the collapse and liquidation.
It takes a man who generates policy based purely on “hope” and “the power of dreams” to tolerate misallocation of capital and opportunity cost on that scale. Can we flush trillions down the toilet – YES WE CAN!!!
Maybe NASA could sell off the naming rights for hurricanes and other disasters to the highest bidder. What have names like “Katrina” or “Sandy” ever done for private enterprise? Why not “Hurricane Google” and “Geico Flood”, and maybe “Walmart Super El-Nino”? For extra bucks, the statistics for the disaster in question could be rigged to let it score higher in the rankings, and thus increase name recognition. As a wholesome side effect, ever-increasing inflation of disaster statistics would powerfully reinforce the “narrative” of impending doom.
One of the better consequences being brought by the new administration will be the toning down of the rhetoric directed at critics of AGW by government entities. The greens used fear and greed to further their agenda. Remove both by not punishing rational dissent, and subsidies ‘taxed’ onto utility bills supporting unprofitable wind & solar schemes.
They would have to own them, not just run them. Any public company forking over serious money is going to be asked by shareholders why they don’t get the money instead.
Whilst were busy grabbing other people’s money to fund green insanity – maybe private business would like to retroactively fund the $3.5 million cost of Stein’s failed Wisconsin recount.
131 additional votes for Trump, discovered at a cost of ~ $27,000 per vote.
Those greens sure know how to get a return on their investment.
Businesses can be expected to support federal programs when this means there’s taxpayers money on offer. In the absence of this, they can still be expected to show interest in any technologies that are profitable without subsidy.
Which ‘green’ technologies would that include, though ?
“If the federal government steps back, the private sector may leap forward.”
And pigs may fly.
Not so fast. Corporations do green because of pressure from some of there biggest share holders, the Trusts and Foundations whose boards have been infiltrated with radical greens and left leaning academics. Corporations will I assume still cater to those large stakeholders for fear of retaliation
Good point.
If “the science is settled” (ref:Obama) then why do they need any more money?
Priceless!
Earlier this year, Congress allocated continuing subsidies to wind and solar (and biofuel) for the next five years. How is that going to be undone by Trump? It’ll be a big battle. And Trump told farmers in Iowa that he favored continuing the biofuel subsidy.
I nominate the Clinton Foundation to step up and pledge $ 100 Million (per annum), with earmarks to Griff for $1.50 in support of his good efforts ;>)
“verges on delusional” – Verges??? No they went past delusional a long long time ago 🙂
The president submits the budget but congress will still fund. It will depend on how much Trump will use his veto. Is he willing to shut down the country over a budget? If not then they will sneak some in.
thanks for the list of companies and rent seekers which we need to boycott wherever possible.
Chickens are coming home to roost. It’s what chickens do. No more money from taxpayers. No more hiding data. No more windy get rich scams. No more failed models predicting catastrophe. No more believe it or else!
Shut down the funding. Investigate the 25 biggest frauds and then go after 26 – 50. Bring Government, Educational and Non-profits to heel by immediately opening all taxpayer funded work product to everyone for scrutiny.
That should get us started. On January 21st we can plan our next steps!
Cut the head off this snake.
Merry Christmas
Gudolpops
Do you think Tom Steyer can claim them all as dependents?
I feel great hope, since November 8th! I am hopeful that we will progressively implement a great change in the US government and private business as well, as we move away from crony socialism, reduce the overwhelming burden of government regulations, and re-embrace capitalism to guide investment dollars.
‘May your days be Merry and Bright!’
Merry Christmas Everyone!
When the gov shells out big cash, the private sector goes to the head of the line to get their hands on it, grants or tax breaks. When a gov backs out and quashes subsidies, that’s it. There is no incentive for a company to put out unproductive cash. Their would even be a case for a shareholder class action if they did. When unproductive things are done by gov or private companies, it is the tax payer’s or the sharehilders’ cash that is being squandered. Maybe you clones should have taken time to learn a few things while you were occupying Wall Street.
Most of the oil industry has pretended to go along with the scam. Let’s now see if they actually fund it too.
Will they take a check drawn on the Bank of Venezuela?
Demanding more money from the competition only strenghtens Trump’s position. Go ahead – self destruct – that is their goal, anyway.
” Nobody will be able to cover the multi-billion dollar cash shortfall they are all about to experience.” we can only hope!
Big layoffs in earth sciences coming.
If guys like Sorros and Steyer want to flush their money, I’m all for it.